Home » Iran’s New Hormuz Plan Targets Global Shipping with Tolls, What Does It Mean?

Iran’s New Hormuz Plan Targets Global Shipping with Tolls, What Does It Mean?

written by Swastika Sruti Source

International

oi-Swastika Sruti

Time

Tensions in West Asia are beginning to affect global trade routes, especially one of the world's most important waterways-the Strait of Hormuz.

Hormuz
Hormuz

Iran's Parliament approved a Strait of Hormuz Management Plan introducing toll charges in rials and restricting ships linked to the US and Israel, leading to decreased traffic and rising oil prices, prompting US warnings.

Iran has now taken a major step by approving a new plan that could change how ships pass through this critical route.

The move has raised concerns worldwide, as it could impact oil supply, shipping costs, and international relations.

What Is Iran's New Strait of Hormuz Plan?

Iran's Parliament Security Committee has approved a new "Strait of Hormuz Management Plan," according to state media reports. This plan aims to increase Iran's control over the waterway and introduce new rules for ships passing through it.

One of the key features of the plan is the introduction of toll charges for vessels. These charges will be paid in Iranian currency (rial), adding a financial layer to maritime traffic in the region.

The plan also includes measures related to:

  • Maritime security
  • Ship safety
  • Environmental protection
  • Legal and financial regulations

Why the Strait of Hormuz Is So Important

The Strait of Hormuz is a narrow but extremely important sea route located between the Persian Gulf and the Gulf of Oman.

Around 20% of the world's oil and liquefied natural gas (LNG) passes through this route. Because of this, even small disruptions can affect global energy prices and supply chains.
Any restrictions or added costs in this region can quickly impact countries that depend on imported oil and gas.

Restrictions on Certain Countries and Ships

The new Iranian plan includes strict rules on which vessels can pass through the strait.

  • Ships linked to the United States and Israel are banned
  • Countries that support sanctions against Iran may also face restrictions
  • Iran has also emphasised its authority over the region through its armed forces

In addition, Iran has mentioned cooperation with Oman to create a legal framework for managing the strait, suggesting a more structured control system in the future.

Sharp Drop in Ship Movement

Recent data shows that shipping activity in the Strait of Hormuz has dropped significantly.
A London-based tracking firm reported that only about 105 ships passed through the strait over a recent period, compared to nearly 1,900 ships during the same time last year.

This sharp decline shows how serious the disruption has become and how cautious shipping companies are in the current situation.

Oil Prices Rise as Supply Fears Grow

With fewer ships moving through the strait, global oil and gas prices have started to rise. Markets are reacting to the fear that supply could be limited if the situation continues.
Since many countries rely heavily on oil passing through this route, any blockage or restriction creates uncertainty and pushes prices higher.

US Responds with Strong Statements

The United States has reacted strongly to Iran's actions.

US Treasury Secretary Scott Bessent said that the US plans to ensure freedom of navigation in the Strait of Hormuz. He mentioned that this could involve American or multinational escorts for ships in the future.

At the same time, US President Donald Trump issued a warning to Iran. He said that if the strait is not reopened soon, the US could target key Iranian infrastructure, including power plants, oil facilities, and Kharg Island.

A Growing Risk for Global Trade

The situation around the Strait of Hormuz is becoming a major concern for the global economy. With tensions rising and shipping already affected, the risk of further disruption remains high.

If the situation continues to escalate, it could lead to:

  • Higher fuel prices worldwide
  • Increased shipping costs
  • Greater instability in global markets
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written by Swastika Sruti Source

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